Square Mile property deals soar at start of July July 10, 2019 City of of London property deals spiked this month, according to research that shows more money was exchanged in the first week of July than the whole of last month. More than £400m was exchanged in the first week of the month, overtaking the £318m exchanged in the entire month of June, figures published by [...]
Sadiq Khan on course to miss another housing target, critics claim July 10, 2019 Sadiq Khan is on course to miss one of his key housing targets, critics have claimed, after new figures show that just over 300 homes have been built on land owned by Transport for London (TfL). In May 2016, TfL said it had set a target to build 10,000 homes by 2020. However, new figures [...]
Superdry hires headhunters to replace interim CEO Julian Dunkerton July 10, 2019 Superdry has appointed headhunters to hire a new chief executive to replace interim boss and co-founder Julian Dunkerton. The embattled fashion retailer said today that Dunkerton, who made a dramatic return to the company earlier this year following a bitter boardroom battle, would remain closely involved in the firm. Read more: Superdry slips to a [...]
Customer satisfaction drops for second year running July 10, 2019 British consumers are increasingly dissatisfied with the level of serve they get as the number of companies breaking promises trebled in just two years. Customers satisfaction dropped for the fourth time in a row since July 2017, according to new figures from the Institute of Customer Service (ICS). Read more: Big Four broadband providers lag [...]
UK ambassador ‘thrown to the wolves’ over Trump leaks, says Sir John Major July 10, 2019 Former Tory Prime Minister Sir John Major has said the UK’s ambassador to the US, Sir Kim Darroch, has been “thrown to the wolves” following leaked emails in which the diplomat criticised Donald Trump. Major issued a strong defence of Darroch and said the government should keep him in post even if it meant a [...]
B&Q owner Kingfisher suffers shareholder rebellion over executive pay July 9, 2019 B&Q owner Kingfisher today suffered a shareholder rebellion over executive pay as investors opposed the chief executive and finance chief’s combined pay packet of more than £3m. Almost a quarter of shareholder’s that took part in the vote opposed the remuneration report, which will see chief executive Veronique Laury, who is set to step down [...]
Deadline extended for Barrick’s Acacia bid July 9, 2019 Barrick Gold has said it needs more time to firm up its indicative offer for Acacia Mining. The Canada-based gold miner now has until 19 July to form make a proposal to investors holding the 36.1 per cent of Acacia shares it does not yet own. Read more: Acacia production bounces after shareholder opposes Barrick [...]
Hong Kong leader: Extradition bill is ‘dead’ July 9, 2019 The leader of Hong Kong insisted today that a controversial extradition bill which has sparked mass rallies and weeks of unrest is now “dead”. Carrie Lam said in a press conference today that the government’s work on the measure had been a “total failure”, but stopped short of meeting demands to formally withdraw the bill. [...]
Court told of Treasury’s ‘pervasive’ impact on controversial RBS unit GRG July 8, 2019 The government’s influence over a disgraced wing of RBS in the years following the financial crisis was “pervasive”, a court was told today. An internal bank memo from June 2010 raises concerns about the Treasury’s involvement in the global restructuring unit (GRG) of RBS. The GRG has been accused of driving small businesses into the ground as [...]